Price drops in Mitcham
Listings for sale in Mitcham, VIC 3132 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
27
43% of 63 live listings
Median cut
4.2%
$40K off the asking price
Days listed before cut
51
median, first listed to latest cut
Cuts, last 30 / 90 days
23 / 26
1 listing has raised instead
Mitcham price-drop summary
27 listings in Mitcham (43% of the 63 on the market) are advertised below an earlier asking price. The typical reduction is 4.2%, about $40K. Apartment listings account for 12 of them, with a median cut of 3.6%. Going the other way, 1 listing has raised the asking price.
Cuts by property type
| Type | Listings reduced | Median cut |
|---|---|---|
| Apartment | 12 | 3.6% |
| House | 9 | 4.3% |
| Townhouse | 6 | 4.3% |
Largest current cuts in Mitcham
By percentage, biggest first. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 7 Woodlands Grove | $930,000 | $820,000 | -11.8% | 3 bed Townhouse | |
| 435 Springfield Road | $990,000 | $880,000 | -11.1% | 3 bed House | |
| 31 Orient Avenue | $2,150,000 | $1,950,000 | -9.3% | 4 bed House | |
| 3 Tarrangower Avenue | $1,375,000 | $1,250,000 | -9.1% | 3 bed House | |
| 1/5 Rotherwood Avenue | $785,000 | $720,000 | -8.3% | 2 bed Apartment | |
| 2/11 Hedge End Road | $1,000,000 | $920,000 | -8.0% | 3 bed Apartment | |
| 39 Churinga Avenue | $2,850,000 | $2,650,000 | -7.0% | 5 bed House | |
| 6/467 Mitcham Road | $1,020,000 | $950,000 | -6.9% | 4 bed Townhouse | |
| 4/5 Rupert Street | $650,000 | $620,000 | -4.6% | 2 bed Apartment | |
| 1/490 Mitcham Road | $900,000 | $860,000 | -4.4% | 3 bed Apartment | |
| 5/518 Mitcham Road | $1,250,000 | $1,195,000 | -4.4% | 3 bed Townhouse | |
| 6 Mckeon Road | $2,300,000 | $2,200,000 | -4.3% | 4 bed House | |
| 3 Longleaf Grove | $935,000 | $895,000 | -4.3% | 3 bed Townhouse | |
| 9/45 Doncaster East Road | $950,000 | $910,000 | -4.2% | 3 bed Apartment | |
| 1/31 Churinga Ave | $1,280,000 | $1,230,000 | -3.9% | 4 bed Apartment | |
| 1/115 Brunswick Road | $1,540,000 | $1,480,000 | -3.9% | 4 bed Townhouse | |
| 2/8 Price Street | $1,190,000 | $1,150,000 | -3.4% | 3 bed Apartment | |
| 1 Ronald Street | $1,750,000 | $1,695,000 | -3.1% | 4 bed House | |
| 2/5 Rupert Street | $650,000 | $630,000 | -3.1% | 2 bed Apartment | |
| 1/573 Whitehorse Road | $850,000 | $825,000 | -2.9% | 2 bed Apartment | |
| 9/6-10 Creek Road | $680,000 | $660,000 | -2.9% | 2 bed Townhouse | |
| 3/62 Carween Avenue | $700,000 | $680,000 | -2.9% | 2 bed Apartment | |
| 3/38-40 Brunswick Road | $740,000 | $720,000 | -2.7% | 3 bed Apartment | |
| 4 Forster Street | $1,200,000 | $1,168,000 | -2.7% | 4 bed House | |
| 4 Willow Avenue | $1,075,000 | $1,050,000 | -2.3% | 2 bed House | |
| 25 Hedge End Road | $1,449,000 | $1,425,000 | -1.7% | 3 bed House | |
| 1/5 Moresby St | $930,000 | $920,000 | -1.1% | 3 bed Apartment |
Suburb profile
Mitcham market data
Median prices, rents, growth and vacancy for Mitcham.
Sold prices
Recent sales in Mitcham
What buyers actually paid, and how it compared with the asking price.
Australia-wide
All price rises and cuts
The national feed of asking-price changes, filterable by state, type and size of change.
Price drops in Mitcham: common questions
How many properties in Mitcham have had a price drop?
27 listings for sale in Mitcham VIC 3132 are currently advertised below an earlier asking price, 43% of the 63 listings on the market. 23 of those cuts were recorded in the last 30 days and 26 in the last 90.
How much are Mitcham sellers cutting their prices by?
The median cut is 4.2%, or $40K, measured from the previous advertised asking price to the current one on each listing.
How long are Mitcham listings on the market before the price drops?
A median of 51 days from when the listing first appeared to its latest price cut, across 27 listings.
What counts as a price drop here?
A listing that is still for sale and whose current advertised asking price was set by a reduction from its previous asking price. Changes that cannot be confirmed as one advertisement repricing, such as several ads sharing one address, are left out.
Showing at most 30 listings. Asking prices are as advertised; a cut is not a sale price.